interesting threadI retired 10 years ago from my day job, basically leveraging from my property investmentsIt look me 7 years but it was the fact that I jumped into booming markets that made a massive differenceMix this with some small development projects..... this is like investing on steroids, speeds the processI continue investing today and growing capital. 

As for real estate - I'm still trying to figure them out, but like you, both Trump and Lefrak are cool people to watch on the developing side.

After hearing people talk about how they made millions with RE investing, I just feel that I am missing out.Now, I have developed many contacts over the years with lenders, brokers, developers, lawyers and judges, investors etc.

I have serviced and been a party to over a thousand installment contracts, developed a program to guarantee these deals and have acted as a registered credit's representative in bankruptcy court to secure the interest conveyed under these agreements.

:D Learn your products well and work to develop relationships with people rather than try to"sell" them.Good luck.

What questions would you ask an investor if you wanted to know how serious he was about investing in a development project?

Federal tax credits are issued through HUD to states under their economic development/finance departments, or the state housing and development authority.

I just need to know a few basics before I begin looking for a buyer.Bob [email protected],You have what's called a "mixed use" property, it's even MORE complicated than commercial & up there with the development/subdivision wrap-around mortgages I put together between developers/sellers/backers/& buyers;Have the toughest in the world on my plate right now...mixed Use Horse Barn Construction to Perm w/22oosq.ft of living quarters in the same structure...yes, it was a nightmare.If I can get IT done, Your place will be a walk in the park.1-Know Your buyer/borrower; start off w/a credit report, financial statement, & their business plan, unless they're buying Your going business(?)

With a cookie cutter home it is not only the market but also the developer.

Right now i'm in an area that is considered a "buyers market".. not sure how this would benefit an investor since everybody is looking to cash out in this area.I have my first prospect on a nice 3bd single family home owner is asking 86,500 for it.. other houses in the area are going for 95k I know this could be a good investment..i'm sure i can get her down to 80k and possibly 78k.